Your Virtual Credit Manager

OCTOBER 2, 2024

Who absorbs any potential bad debt loss — does the lender have recourse to return the AR if they cannot collect it versus a non-recourse arrangement? Who performs the Credit & Collection activities — you or the finance company? Your Virtual Credit Manager is a reader-supported publication.

Past Due Invoices 130

Past Due Invoices Credit and Collections Deductions Accounts Receivable (AR) 130

Waystar

APRIL 25, 2023

Days in receivables outstanding (DRO) DRO is arguably the best overall indicator for how quickly your organization turns receivables into cash. 90 days’ worth of gross charges divided by 90) or another period. Aged receivables are more costly to collect, and the probability of collection dips.

Medical Billing 98

Medical Billing Dashboards Credit and Collections Current Receivables 98

Waystar

APRIL 25, 2023

Days in receivables outstanding (DRO) DRO is arguably the best overall indicator for how quickly your organization turns receivables into cash. 90 days’ worth of gross charges divided by 90) or another period. Aged receivables are more costly to collect, and the probability of collection dips.

Medical Billing 52

Medical Billing Dashboards Credit and Collections Current Receivables 52

Gaviti

JANUARY 2, 2024

It offers data on the effectiveness of your collection efforts by measuring the average number of days it takes to collect overdue payments. But continually high ADD scores across clients may indicate poor collection efficiency on your side. But note that CEI is more accurate when measuring collections in shorter periods.

Collection Effectiveness Index 52

Collection Effectiveness Index Average Days Delinquent Days Sales Outstanding DSO 52